This is a depreciation recapture. However, if taxpayer instead sells the property for $1200, because his recomputed basis is $600, $400 of the gain is taxed as ordinary income and $200 is taxed at the more favorable capital gains tax rate.
The tuition charge is $10,088 while room and board is $8,270, books and supplies are $1,130 and other fees come in at $1,929. Residents of Virginia pay an annual total price of $21,417 to attend Virginia Tech on a full time basis.
Directions. The main Virginia Tech campus is located in Blacksburg, Va., about 40 miles southwest of Roanoke, Va. Use 965 Prices Fork Road or the intersection of University City Boulevard and Prices Fork Road, Blacksburg, VA 24060 as a destination for online routing and mapping software and GPS devices. Turn left at the stoplight at the end of the ramp onto U.S. 460 East. 2  Continue on U.S. 460 East for about 44.9 miles (11.6 in W.Va., 33.3 in Virginia). 3  Take the Toms Creek Road exit. 4  Turn left onto Toms Creek Road.